Market Overview

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for November new residential housing starts.The latest reading of 1.173M was above the...

Note: We've included the latest Z1 data for Q3 in this update.College Tuition and Fees constitute one of the biggest threats to our economic outlook. Here is a chart of data from the relevant Consumer...

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This...

Some days make me feel so old. Actually, most days make me feel old, come to think of it; but some days make me feel old and wise. Yes, that’s it.It is a good time to remember that there are a...

Santa Janet gave us an early Christmas present but it’s so well wrapped up with string, sticky tape and Santa’s hair caught in the binding that it’s impossible to open it. Thank you...

On Tuesday we published our preview for Wednesday’s Federal Reserve meeting, highlighting five things for traders to evaluate in their “Fed-mas lists.” For consistency, we’ll...

The Federal Reserve delivered a hawkish hike. The dot plot reflects expectations for four rate hikes in 2016. There were no dissents. This is important. It underscores the decisiveness of the...

After the important Financial System Review in Canada on Tuesday, Governor of the Bank of Canada Stephen Poloz spoke during an enlightening press conference that was centered on troubles facing the...

Stock markets took advantage of the crude oil rally to end Tuesday in the green for the second day in a row. With no fundamental news, recent demand for crude oil appears to be coming from speculators...

US stocks extended gains for the second session on Tuesday as a rebound in oil prices bolstered investor optimism. The dollar strengthened ahead of Federal Reserve’s interest rate decision...

Hurricane continues to progress farm-out discussions as it seeks to develop its 207mmboe fractured basement Lancaster discovery. In September, Lancaster was awarded oil field status that, together...

The Finnish outlook remains weaker than in the rest of euro area. We now expect GDP to grow 0.6% in 2016 mainly on the back of exports and construction. Finnish manufacturing should be able to benefit...

The UK labour market report released today was mixed. On the one hand, the unemployment rate (3M average) declined to 5.2% in October from 5.3% in September - the last time it was lower was in January...

The crowd’s expecting a rate hike when the Federal Reserve publishes its policy statement today at 2:00 pm eastern. The Fed fund futures and the 2-Year Treasury yield, for example, are telling...